We're dividing 416414 by 70 
We want to divide 416414 by 70.

Let's proceed to step 1:
70 goes into 4 0 times with a remainder of 4.
The number 0 becomes the next digit in our result. 
Result so far: 0.0
The remainder is 4 after subtracting 0 from 4.
Append the next digit (1) from the dividend to 4 and continue with: 41 / 70

Step 2:
The number 70 fits into 41 0 times, leaving a remainder of 41.
Put 0 as the next digit of the answer. 
Result so far: 0.0
If we subtract 0 from 41, we get 41.
Bring next digit (6) of the dividend behind the 41 and repeat the process: 416 / 70

Going ahead to step 3:
416 divided by 70 is 5 with a remainder of 66.
Record the quotient 5 as the next digit in the result. 
Result so far: 5.0
If we subtract 350 from 416, we get 66.
Grab the next digit (4) from the dividend, add it to 66, then carry on: 664 / 70

On to step 4:
664 divided by 70 is 9 with a remainder of 34.
The number 9 becomes the next digit in our result. 
Result so far: 59.0
If we take 630 away from 664, we end up with 34.
Bring next digit (1) of the dividend behind the 34 and repeat the process: 341 / 70

Going ahead to step 5:
70 can be fit into 341 4 times, resulting in a remainder of 61.
Write down 4 as next digit of the result. 
Result so far: 594.0
The remainder is 61 after subtracting 280 from 341.
Grab the next digit (4) from the dividend, add it to 61, then carry on: 614 / 70

On to step 6:
614 divided by 70 is 8 with a remainder of 54.
Use 8 as the next digit of our solution. 
Result so far: 5948.0
Subtracting 560 from 614 leaves us with 54.
Since there are no more digits in the dividend, we add a zero to the remainder making it 540, and continue the process.

Going ahead to step 7:
The number 70 fits into 540 7 times, leaving a remainder of 50.
Put 7 as the next digit of the answer. 
Result so far: 5948.7
If we take 490 away from 540, we end up with 50.
Since there are no more digits in the dividend, we add a zero to the remainder making it 500, and continue the process.

Step 8:
70 can be fit into 500 7 times, resulting in a remainder of 10.
Record the quotient 7 as the next digit in the result. 
Result so far: 5948.77
If we take 490 away from 500, we end up with 10.
Since there are no more digits in the dividend, we add a zero to the remainder making it 100, and continue the process.

In conclusion, the division gives 5948.77 with a balance of 0.01.